Technical Pick – Ujjivan
•Ujjivan is finding support at 350 and resistance above 362.
•On Daily chart, Ujjivan is showing positive momentum above 362 level.Break and sustain above 362 will see nonstop rally in Ujjivan till 375--385++ in weeks to come.
•Ujjivan has been trading in a broader range of 484--284 for last one year.
•MACD showing positive momentum which indicates that upside side seems certain in it.
•Traders don’t go for aggressive or positional selling at all because trend looks positive and we expect rally to remain continue till 375--385+++mark in coming weeks.
For positional trade, stop loss seeing below 350 on closing basis which in unlikely to breach in near terms.
Trading Recommendation(06-09-17)
Buy Ujjivan above 362 and for the initial upside target of 375—385++ mark with stop loss below 350 on closing basis.
More will update soon!!
